International

• Thursday, April 26th 2012 - 01:23 UTC

  YPF dispute has meant a “disruption of trust” between the EU and Mercosur

  

  European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.

• Thursday, April 26th 2012 - 01:21 UTC

  Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy

  

  Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.

• Wednesday, April 25th 2012 - 07:02 UTC

  Argentina must take control of its natural resources, insists Cristina Fernandez

  

  Argentine President Cristina Fernández vindicated her decision to expropriate YPF, assuring that her Government “remains convinced that all Argentines should be in control of the country’s natural resources.”

• Wednesday, April 25th 2012 - 06:51 UTC

  Holland enters in Euro risk zone as political parties clash over further austerity

  

  Holland one of the few show cases of Europe with all economic indicators the envy of its fellow EU members has stalled in a political controversy while at the other end Greece sees no end to suffering in its fifth year of recession.

• Wednesday, April 25th 2012 - 04:47 UTC

  Repsol says it has invested over 20 billion dollars since taking over YPF in 1999

  

  Spain’s energy corporation Repsol describes as ‘false’ Argentine government allegations that its affiliate YPF “had not invested sufficiently” in its hydrocarbons interests in Argentina.

• Wednesday, April 25th 2012 - 04:41 UTC

  Vietnam displaces Australia as world’s largest wood chip exporter

  

  Wood chip trade flows in the Pacific Rim have changed substantially the past five years. Vietnam, Chile, Thailand and Uruguay have all been increasing their shipments of chips, while Australia and South Africa have been losing their market share as fibre suppliers to the pulp mills in Japan, China, Taiwan and South Korea.

• Wednesday, April 25th 2012 - 02:39 UTC

  Vodafone Group takes over Cable & Wireless for £ 1.04bn cash

  

  Vodafone Group Plc agreed to acquire Cable & Wireless Worldwide Plc for 1.04 billion pounds (1.7 billion dollars) in cash, adding a UK fixed-line network to its mobile-phone system and gaining business customers.

• Tuesday, April 24th 2012 - 21:25 UTC

  Strong sterling and UK prices have vacation Britons fleeing to the continent

  

  Soaring sterling rates are giving Britons and Gibraltarians as much as 14% more cash for their summer 2012 trips to Euro Europe compared with last year, reports the Gibraltar Chronicle.

• Tuesday, April 24th 2012 - 21:20 UTC

  Timerman caught by EU Commissioner De Gucht in a major diplomatic blunder

  

  Argentine Foreign Minister Héctor Timerman is in the middle of a major diplomatic blunder through a baffling series of statements regarding a letter sent by the EU to his office last week, according to a report published in the Buenos Aires Herald.

• Tuesday, April 24th 2012 - 20:58 UTC

  EU preparing to lodge a complaint at WTO against Argentina import restrictions

  

  The European Union is planning to lodge a complaint at the World Trade Organization over Argentina's import restrictions and is seeking other trading partners to back its presentation, a source familiar with the situation said on Tuesday according to news agencies.